Nordea Investment Management AB Has $6.74 Million Stock Position in Brady Corporation $BRC

Nordea Investment Management AB lowered its stake in Brady Corporation (NYSE:BRC) by 12.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,424 shares of the industrial products company’s stock after selling 12,463 shares during the quarter. Nordea Investment Management AB owned approximately 0.18% of Brady worth $6,737,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Innova Wealth Partners acquired a new position in shares of Brady in the fourth quarter worth about $201,000. Danske Bank A S acquired a new stake in shares of Brady during the third quarter valued at approximately $70,000. Advisory Services Network LLC acquired a new stake in shares of Brady during the third quarter valued at approximately $31,000. CANADA LIFE ASSURANCE Co lifted its position in shares of Brady by 1.7% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 40,245 shares of the industrial products company’s stock valued at $3,087,000 after acquiring an additional 688 shares in the last quarter. Finally, Verition Fund Management LLC boosted its stake in Brady by 42.9% in the 3rd quarter. Verition Fund Management LLC now owns 8,834 shares of the industrial products company’s stock worth $689,000 after purchasing an additional 2,651 shares during the period. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Price Performance

NYSE BRC opened at $81.88 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.13 and a quick ratio of 1.40. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 19.18 and a beta of 0.60. The company has a 50 day simple moving average of $88.56 and a 200-day simple moving average of $81.82. Brady Corporation has a 52-week low of $62.70 and a 52-week high of $99.29.

Brady (NYSE:BRC) last announced its quarterly earnings data on Thursday, February 19th. The industrial products company reported $1.09 EPS for the quarter, meeting analysts’ consensus estimates of $1.09. Brady had a net margin of 13.01% and a return on equity of 18.62%. The firm had revenue of $384.14 million for the quarter, compared to the consensus estimate of $376.14 million. During the same period in the previous year, the firm posted $1.00 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 4.950-5.150 EPS. Equities research analysts predict that Brady Corporation will post 4.55 earnings per share for the current fiscal year.

Brady Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th will be issued a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, April 9th. Brady’s payout ratio is currently 22.95%.

Insider Buying and Selling at Brady

In related news, COO Thomas F. Debruine sold 5,538 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $81.00, for a total transaction of $448,578.00. Following the completion of the sale, the chief operating officer directly owned 10,181 shares in the company, valued at approximately $824,661. This trade represents a 35.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 15.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Brady in a research report on Wednesday, January 21st. Wall Street Zen lowered Brady from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Brady Company Profile

Brady Corporation is a global provider of identification and safety solutions, specializing in the design, manufacture and sale of products that help businesses improve safety, security and efficiency. The company offers an array of durable labels, signs, safety devices, printing systems and software platforms tailored to a wide range of industrial and commercial environments.

Founded in 1914 by William H. Brady, Brady Corporation has grown from a regional marker manufacturer into a diversified global enterprise.